DocuSign Raises $85 Million to Accelerate Growth as the Global Standard for Digital Transaction Management

DocuSign announced the company has raised an additional $85 million with the vast majority from large institutional public funds and the balance from existing investors. DocuSign will use the funds to fuel continued growth as the global standard for Digital Transaction Management (DTM). The company will further innovate the DocuSign DTM platform, drive deeper vertical solutions, invest in the company’s strategic partnerships, and continue its international expansion.

“We have the opportunity to change the way business is done for companies large and small,” says Keith Krach, chairman and CEO, DocuSign. “Our latest round of financing positions us to help more customers around the world keep business digital with DocuSign as the catalyst for their digital transformations. Our goal is to be a long-term sustainable company that provides value to our customers, partners, employees, and investors for many years to come.”

With more than 95,000 companies as customers, millions of users in 188 countries, and more than 40,000 new unique users joining the DocuSign Global Network every day, DocuSign is relied upon around the world as the only open, independent, standards-based DTM platform that enables trust between transacting parties. The funding follows on the heels of last week’s announcement of the company’s long-term strategic partnership with Microsoft to bring DocuSign Digital Transaction Management to the more than 1 billion Microsoft Office users worldwide.

“Our customers require an independent, global service the works with all solution providers across existing line-of-business processes and enterprise-wide systems,” said Gordon Payne, chief operating officer, DocuSign. “DocuSign has built its reputation as the most trusted, reliable, and secure DTM platform so that our customers can rest assured when there’s business to be done, they can just DocuSign it.”

“The caliber of the institutional funds and strategic partners who’ve invested in DocuSign highlights the positive impact DocuSign has for our customers by delivering significant ROI, ensuring security and compliance, and improving customer satisfaction and loyalty,” said Mike Dinsdale, chief financial officer. “The viral effect of the DocuSign global network helps bring the benefits of DocuSigning to all people around the world.”

DocuSign’s DTM platform is used to accelerate transaction times and increase speed to results across nearly every industry – from financial services, insurance, technology, healthcare, government, manufacturing, communications, real estate, retail, and consumer goods to higher education, non-profits and others – as well as every business department, including sales, marketing, finance, procurement, HR/staffing, legal, operations, and customer support.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com